UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next
Author: splotto Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127815  
Subject: Re: Buying Model Home - pros, cons? Date: 6/16/2002 6:53 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Inpho:

We are always willing to make concessions for people buying our models (spec homes). If you are willing to lock in early and allow it to be used for a while, you make out better.

Either way, insist that they replace the carpets prior to settlement. You should also make sure that nothing will be removed from the model.

Do they furnish the model? Are you buying the furnishings?

You should also arrange for a final walk through that allows you to ID issues. You may not have any bargaining power at that point, but at least you won't be surprised.

Given the rising prices in our market (southeast PA) don't be surprised if the builder will be willing to walk from your deal (provided they can under the contract) if you present too many issues. The home will probably have increased in value since they signed you up.

Bob

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (7) | Ignore Thread Prev | Next

Announcements

Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Looking at Currency Ratios
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement